- The key vendors in the Global Electric Two-wheelers Market 2014-2018 are Hero Electric, Jiangsu Xinri E-Vehicle and Zhejiang Luyuan Electric Vehicle.
London, 11 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Electric Two-wheelers Market 2014-2018. Growing interest toward E2Ws in Europe and the Americas, and increased demand from the markets in these regions is expected to drive the growth of the Global Electric Two-wheelers market. Improvements in battery technology provide for a longer lifespan and performance, which makes E2Ws more desirable. The Global Electric Two-wheelers market is expected to grow at a CAGR of 7.11 percent during the period 2013-2018.
E2Ws are one of the most attractive alternatives to fuel-powered internal combustion engine vehicles. E2Ws powered by rechargeable batteries offer fuel saving advantages as well. E2Ws not only save fuel, but also require less maintenance than ICE vehicles. With a rising middle class and urban population in emerging markets such as China and India, the demand for E2Ws in Asia is expected to grow further.
“There have been several R&D innovations in the E2W industry, such as improvement in battery technology which has resulted in products with reduced weight, low cost, increased performance, and longer lifespan,” says Faisal Ghaus, Vice President of TechNavio Research.
“Several other researches are focused on more efficient motors and controllers, and to increase the safety and reliability of E2Ws.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
